RM Sotheby's

RM Sotheby's (formerly RM Auctions), incorporated in 1991, is a classic car auction company which maintains offices in Canada, the United States, UK, and Germany. The company's headquarters are located in Blenheim, Ontario. The company also does restoration, private treaty sales, auctions, estate planning and financial services.

RM Sotheby's
TypePrivately held company
IndustryAuctioneering
FoundedOntario, Canada
(1991)
FounderRob Myers
HeadquartersBlenheim, Ontario
Area served
Worldwide
Key people
Rob Myers
Chairman and CEO

Kenneth Ahn
President

Maarten ten Holder
Head of Europe and Chief Auctioneer

Gord Duff
Global Head of Auctions

Shelby Myers
Global Head of Private Sales
ProductsAutomobiles & Memorabilia
ServicesAuctions, Private Sales, Financial Services, and Restoration
SubsidiariesRM Auctions
WebsiteRMSothebys.com

RM has additional divisions, including a full restoration shop.

History

RM averaged $303,000 per sale in 2007.[1]

RM has sold 28 million-dollar-plus cars."Celebrated 1956 Ferrari sold for $28m at New York auction", 11 December 2015 RM holds five of the top 10 - and four of the top five – all time records for the most expensive motor cars sold at auction, with the number one car being the 1957 Ferrari 250 Testa Rossa sold in May 2009 for $12,402,500 in Maranello, Italy.[2]On August 25, 2018, a Ferrari 250 GTO was sold at their Monterey auction for 48.4 million dollars, making it the most expensive car sold at auction.[3]

On February 18, 2015 RM Auctions announced the formation of a new strategic partnership with Sotheby's, with Sotheby's acquiring a 25 percent ownership interest in RM. The auction house will now be known as RM Sotheby's.[4]

RM Auctions

RM Auctions is a subsidiary of RM Sotheby's. Kruse International sold the Auburn Auction Park to RM Auctions, on July 1, 2010.[5]

References
  1. Rob Sass (2008-08-07). "New York Times". The New York Times. Retrieved 2008-08-27.
  2. "Ferrari Testa Rossa Breaks All Time Record". 2009-05-17. Retrieved 2009-06-17.
  3. Pascus, Brian. "A 1962 Ferrari 250 GTO just sold for a record-breaking price of $48.4 million at auction". Business Insider. Retrieved 2019-02-11.
  4. "Sotheby's acquires an ownership interest in RM Auctions, the world's leading auctioneer of premium collectible automobiles". 2015-02-18. Retrieved 2015-02-18.
  5. Jewett,Dale."RM Auctions buys Auburn complex from Kruse", "AutoWeek", Detroit, 1 July 2010. Retrieved on 24 February 2012.
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